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20121201
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. you had that great interview with him where he's talking about his dream of buying the lakers. this might help him do that. $200 million. his tax savings alone on this, if dividends are now at 15% and they go up to over 43%, his tax savings alone, just by doing it this year, over $60 million just on the tax savings. this does make sense for those really big shareholders like larry ellison. >> you know, he's the ceo of the company. so, you know, we could look at him and say, okay, well, he's saving all this money but the savings ripple through, right? >> absolutely. >> if you're a shareholder you're saving a huge amount of money, particularly if the dividend goes to 44%. >> absolutely. his take of this is a tiny portion of the billions of dollars that american shareholders throughout this market are saving. you look at something like sheldon addleson. this is spilling through the market and we'll see a lot of accelerated income for shareholders this year. >> we'll leave it there. >>> north rupp grum mond ceo talking about workers could be out of a job. we'll talk to the ceo of
making headlines, not for tonight's game against the lakers, but because of a possible name change. that team is expected to change the names to the pelicans as early as the 2013/2014 season. so why pelicans? louisiana, you may or may not know is the pelican state. the brown pelican is the state bird and appears on the state flag and on the seal. the hornets moved to new orleans from charlotte in 2002. charlotte bobcats owner michael jordan told the charlotte observer, he would consider reclaiming the name if it was available again. >> the teams move and they keep the state name and then they end up -- >> something related to -- >> when we come back, some breaking economic numbers. we are just a few minutes away from productivity numbers for the third quarter. right now as we head to a break, take a look at u.s. equity futures still indicated higher, up about 36 points for those futures. >>> welcome back to squawk "squawk box," everybody. rick santelli is standing by at the cme in chicago, steve liesman is right here in studio with us. and rick, go ahead. take it away. >> all right
of the google maps app this morning launched it to number one immediate lakers few hours after its release. apple previously, of course, replaced google-powered maps app with its own version, you know the criticism that ensued there. on the cnbc news line now is the editor-in-chief of mashable. have you experienced the new app? >> yes, yeah. i have downloaded it i downloaded t pretty much [ inaudible ] not the same google maps you remember, cleaner, but has all the good features, especially transit, something everyone missed. >> explain that point, if you would. >> so when apple came out with its own maps they basically came out with a product that had less functionality and less accurate than the product deet fault, which was google maps and one of the things they left out [ inaudible ]. important to remember thank google maps is not the default on ios 6 or iphone 5, have to download it have to choose to use it. >> you look at the stock's reaction and imply that this is a big deal for google, the stock up more than 1% while apple is lower. doesn't this underscore the i shall through am ma
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